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Miners lead JSE firmer

Feb 13 2013 10:47 I-Net Bridge


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Johannesburg - The JSE lifted at the opening on Wednesday‚ taking its lead from the positive close on Wall Street on Tuesday.

At 9:20 the All Share [JSE:J203] index was up 0.28% at 40 815.18 points‚ with gold and resources indices picking up 0.68% and 0.61%‚ respectively.

Global equity markets continue to surge‚ said RMB analysts in a note.

Risk-off from the North Korea nuclear tests rapidly faded and attention switched to the hopes for the global economy. The Dow is now within striking distance of its all-time high.

According to BofA Merrill Lynch Fund Manager Survey for February‚ confidence in a strong global economic outlook has consolidated while investors have indicated that they see support from current equity valuations after the recent rally. 

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